[Hong Kong Media: Hong Kong Monetary Authority Stablecoin Licenses to Be Issued After Two Sessions, First Batch Fewer Than 4 Companies] According to the Hong Kong Economic Times, the first batch of stablecoin licenses in Hong Kong will be issued after the Two Sessions, with fewer than four companies in the initial batch. It is reported that RD Technologies, founded by former Hong Kong Monetary Authority Chief Executive Norman Chan, which participated in the HKMA's stablecoin issuer 'sandbox' testing, will not be included in the first batch of stablecoin licenses. The Hong Kong Monetary Authority previously disclosed that it received 36 applications for stablecoin licenses in the first round but emphasized that the number of licenses in the first batch will definitely not be large, aiming for a prudent and cautious approach.